USD/CAD Potential trade to Long
USDCAD I am currently looking at a Long position, waiting to see how the price will react to the fundamentals and the PPI in USD.
After that I would be interested in the 1.41900 area for the first entry and the 1.41560 area for the second. In both of these zones, I find the confluences needed for entry, but the result of fundamnet will be decisive
https://www.tradingview.com/x/TuvOrWcn/
Trade active
The market reacted early, ahead of my interest zone, so I'll wait for the fundamentals to come out this afternoon. If the price reacts in zone 1, I will go long, but if it moves strongly against, I will wait for a reaction at the 4h support
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.